The representatives of respective banks and the Maritime Affairs Ministry signed the documents to provide loans to the fishermen under the Kamyab Jawan Programme.
The report highlights that the poorest and richest Pakistanis live in completely different countries, with literacy levels, health outcomes, and living standards that are poles apart.
Pakistan’s tax system does not contribute significantly to reducing inequality in the country due to low share of direct taxation, which is under 20 percent.
Of those, only 49 countries are eligible for debt relief measures adopted by the Group of 20 major economies, UNDP Administrator Achim Stein told reporters, calling on G20 members to quickly expand a moratorium on debt service payments and a common framework for debt treatments beyond the poorest nations.